How Does a Fixed Index Annuity Work?
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- Опубликовано: 27 авг 2024
- This is a hot topic! I know your saying, “Wait a minute, I need to know the facts and how fixed index annuities work.” We’re going to get to that!
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Stan The Annuity Man
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Key Moments in this Episode
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0:54 The Typical Call I Get
1:35 History of Fixed Index Annuities & How They Work
5:45 Things About Index Annuities That Make My Head Pop Off
7:15 Can you lose money?
8:58 Downside of Index Annuities
9:50 How does it fit into my retirement portfolio?
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My 7 year fixed index annuity out performed my stock market growth the last several years. Because it grew and my stocks and bonds leveled out. I added a little over 31,000.00 to my annuity. I have now put it into a 5 year annuity. I got tired of having a yo yo return from the markets. One day, good, then bad, then better, then back to bad, etc. Now all good. I don't need to draw from it nor did I from my stock market investments. But now I can see growth.. I have also started a CD ladder with 4 cd's. I like mine!
wait until the insurance companies go belly up taking all the market risks
@@abhijitbanerjee590 YOU obviously have no knowledge on this subject.Troll somewhere else.
All your gains under the fixed index annuity (FIA) will be taxed as Ordinary Income which is always higher than Long Term capital gain tax if you put your investment in the equity market.
Absolutely, understanding the facts about fixed index annuities is crucial.
Hey Stan, great vid! How about a video spelling out all of the fees involved with a typical fixed indexed annuity (especially the hidden fees that the insurance agents never share with the customer)? Thanks for the excellent financial education.
That’s a great idea! I will tell my team about that topic. Thanks for watching!
Customer pays No fees on the product. Agents are reimbursed by the Carrier for the product, which is commensurate with a product, given that the customer has no carrying or annual management fees, unlike Money Managers which take annual management fees in losing or winning years, and For a product that has GUARANTEED returns. NO other investment vehicle can make this claim.
So take your fees and get lost.
@aidankirby8412 Agents are paid by the carrier and that $$ comes from the lessened return the customer receives because they're sharing the overall return with the insurance company.
Question.... Do you have video explaining the bonuses that is paid on the front end of some of these fixed index annuities?
Great question! This video might give you some insight to your question:
ruclips.net/video/49hW9rO_xCk/видео.html
Do you have a video about using these fixed index annuities for a Roth conversion? Is there any special benefit for this?
This video might help with your question:
ruclips.net/video/LkZjG9wzCPw/видео.html
We had our seminar at a public libary.Didn't get steak.😢
That sounds frustrating. It's disappointing when seminars like these don't meet expectations, especially when they're more focused on selling than providing value. If you have any questions, don’t hesitate to reach out!
www.stantheannuityman.com/book-a-call/
i wa told you can add a rider and the annuity i guaranteed for the life of the holder his wife and their children and so on as long as they don't cash the policy in, is that true.
For me to give you an answer about your specific situation, please feel free to book a call with me!
www.stantheannuityman.com/book-a-call/
In the 12th year of a ten year Fixed income annuity. Had an income rider. Have some IRA's in annuities too. Don't need the cash. What should I do?
Dexter, use the link to schedule a time to talk to me about your annuity. www.stantheannuityman.com/book-a-call/. We will come up with a plan together. Thanks for watching.
Hi Stan! For a 5-year fixed index annuity contract, how would I be credited for the gains after the 5 years (assuming I do not purchase the income rider add-on)? Would it be a lump sump payment by the end of the 5 years or would there be annual payments (assuming the market went up for each of the 5 year)?
Also, would I be subject to the 10% penalty fee if I withdraw that total amount after the 5-year period but prior to being 59 1/2?
It depends on the product. Some credit index-linked interest annually, some credit less often. It depends on the index strategies available.
" I fear the Greeks, even when they give me gifts..... ESPECIALLY when they give me gifts"
Hi Stan. Can you open up a fixed 20 year annuity with a lifetime income stream? Does that product exist?
I'm not sure what you mean. Can you purchase a 20 year guaranteed rate and then turn on income? Yes. Should you? Probably not. With that amount of time to allow your funds to grow, the funds should not be in an annuity in my opinion. Thanks for watching!
@@StanTheAnnuityMan Am I able to do a 10 year annuity and then have the income stream turn on at age 55?
@@greatscott88mph As long as the income stream is set up for life, there shouldn't be any tax penalties. To clarify, you can do whatever you want. It is your money. I don't believe you should be thinking of annuities at your age and highly recommend you stay away from them until you are in your mid-50s. If you'd like, set up a time to discuss you can book a call. www.stantheannuityman.com/book-a-call/
Stan, I bought a $100,00 10 yr FIA in 2021 and withdrew $10,000 from the FIA in 2022, can I put $10,000 cash back into the FIA?
Also, can I make additional cash contributions in future years?